Associate Director, Actuary

HOWDEN SPECIALTY ASIA PACIFIC PTE. LTD.; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading reinsurance firm in Singapore is seeking an experienced actuary to join their team. The role involves designing and analyzing reinsurance structures, advising clients on capital decisions, and collaborating with brokers. Ideal candidates will have a background in the re-insurance industry, strong analytical skills, and relevant educational qualifications, such as a degree in actuarial science. This position offers growth opportunities in a dynamic, client-facing environment.

Qualifications

• 4-5 years of relevant experience in the re-insurance industry.
• Understanding of actuarial methods and capital risk management.
• Actuarial certification or actively pursuing qualification.

Responsibilities

• Design, price, and assess reinsurance structures using actuarial techniques.
• Analyze client data for structuring reinsurance programs.
• Advise clients on catastrophe risk based on modelling outputs.

Skills

Analytical skills

Communication skills

Team player attitude

Proficient in data visualization tools

Education

Bachelor's or master’s degree in actuarial science or related field

Tools

PowerBI

Job description

About Howden Re

Introducing Howden Re, combining Howden Re’s global distribution network and data driven reinsurance expertise with TigerRisk’s leading position in Treaty reinsurance, capital markets, capital advisory, technology and analytics offering. Howden Re is uniquely positioned to be the premier reinsurance broker and advisor for the global market.

About the role

We seek an experienced actuary looking for a new challenge and to advance to the next level. You will have the opportunity to work on projects on a variety of fields and markets with an elite team of brokers and analysts in a growing, client facing team in a head-office location. Consideration will be given based on the qualifications and skills of the applicants.

Howden Re’s unique entrepreneurial spirit fosters a culture of innovation which we strongly believe will be key to successfully address and solve the current and future challenges met by the industry. The International Actuarial Analytics team work as one team, which will give you a unique opportunity to benefit from other colleagues’ insights and experience and thus accelerate your professional development.

Day to day you will have the opportunity to bring your expertise to assist clients making decisions around capital, reinsurance and pricing. You will also work in close collaboration with brokers at different stages of the transaction process to deliver best in class and tangible results to our clients. As such, we expect you to have regular contacts with brokers, clients and reinsurers and building your network, whether internally or externally, will be encouraged.

You will contribute to differentiate Howden Re in the marketplace by delivering superior service to existing clients and to shape our Analytical offering to help win new business. This includes the following key tasks:

• Design, price, and assess reinsurance structures using actuarial techniques, internal tools and models.
• Analyze client data to assist brokers in structuring and evaluating impact of various reinsurance programs.
• Interpret catastrophe modelling outputs and advise clients on catastrophe risk
• Support the delivery of actuarial and financial modeling services to external clients

We already have a good share of regional and global multi-national accounts that, along with local business in regional markets, make for the opportunity to work on varied actuarial projects and lines of business.

Required qualifications

• Ideally 4-5 years of relevant background in the (re-) insurance industry
• Profound understanding of actuarial methods, accounting principles, capital and risk management and regulatory environment
• Excellent analytical and communication skills
• Team player attitude with an entrepreneurial mindset
• Proficient IT skills including data visualization tools such as PowerBI
• Bachelor's or master’s degree in actuarial science or a related field (mathematics or finance)
• Actuarial certification by a globally recognized actuarial association, or actively pursuing such actuarial qualification